Principles of Accounting is an accounting subject offered at both the O Level, A Levels, as well as being part of modules in Polytechnic and University education. A strong foundation set up from Secondary School may spark interest and help further these interests well into tertiary education. A good score in Principles of Accounting derives itself from a deep and strong understanding of accounting concepts coupled with practice via papers and questions.
Principles of Accounting is offered as a standalone subject at the O Levels and the curriculum mainly focuses on financial accounting.
The A-Level syllabus works based on financial accounting knowledge learned in Secondary School Accounting and adds to that management accounting content, offered under H1 and H2 levels in Junior Colleges.
At the tertiary level, Accounting is oftentimes offered as part of separate modules that introduce different accounting concepts to students.
Accounting consists of specific rule sets that students must know before they tackle the questions. These range from the format in making financial statements, to how to do double- entry accounting.
Assuming that there is a considerably strong understanding of the accounting content, practice is the next important thing you should do at all levels to gain mastery in Accounting! Consolidating any available practice questions, papers or, Ten-Year series for the O Level and A Level, the practice helps students to identify any existing gaps as they apply their knowledge to the different questions. Practice with feedback via answers and tutors makes it more efficient as well.
Exam Format and Skills
As with all other subjects and exams, being confident in the content is not sufficient. The ending grade is reliant on the ability of the student to showcase the knowledge during the exam itself.
The O Level exam focuses on structured response questions. Time allocation is key to ensure sufficient
time to attempt and obtain the scores for each question, particularly the easier questions the student is more confident in.
The A Levels consist of both a mixture of short answer and structured
questions across 2 papers that test financial and managerial accounting as a whole.
Even at the tertiary level, examination and test-taking skills are important in scoring in the paper. Mostly, these would be in the form of time management, scoring for distinct marks – for example by showcasing an understanding of the format of a financial statement – where necessary.
Doing well in Accounting isn’t hard. It requires us to align our thinking to the accounting language, from an accountant’s perspective. While it is not easy initially, a little help goes a long way. Seeking help from tutors provide the necessary guidance in the thought process behind each step that is vital in helping students form the thought process themselves. With enough help and pointers, students will eventually be able to formulate and think like an accountant.
Accounting has its own special language to craft statements and put numbers into the accounting formats. These may be hard for people new to accounting to grasp given its complexities and rules to take note of. Students pursuing accountancy will delve deeper into the discipline.
Elite Tutor provides specialised and capable Accounting tutors for your need. From student tutors who are in University to experienced Part and Full-time graduate tutors as well as MOE Trained Current or Ex MOE Teachers, these tutors are able to help every student. Depending on where one needs help the most, different categories of tutors will be more appropriate. Elite Tutor helps in the process by finding you the best fit for your needs. With a tutor, an A in Principles of Accounting is possible.